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Canadian Pacific Kansas City Ltd
Symbol CP
Shares Issued 933,344,882
Close 2024-11-20 C$ 102.88
Market Cap C$ 96,022,521,460
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ORIGINAL: ATCO EnPower and CPKC complete construction of two hydrogen production & refuelling stations in Alberta

2024-11-20 17:35 ET - News Release

See News Release (C-CU) Canadian Utilities Ltd

ATCO EnPower and CPKC complete construction of two hydrogen production & refuelling stations in Alberta

Canada NewsWire

CALGARY, AB, Nov. 20, 2024 /CNW/ - ATCO EnPower, a division of Canadian Utilities Limited (TSX: CU), and Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today said construction of hydrogen production and refuelling facilities in Calgary and in Edmonton is now complete and the facilities are fully operational.

ATCO EnPower and CPKC complete construction of two hydrogen production & refuelling stations in Alberta (CNW Group/ATCO Ltd.)

As part of its innovative Hydrogen Locomotive Program, CPKC is retrofitting a number of diesel locomotives with hydrogen fuel cells so they can operate without directly generating emissions.

"These fuelling facilities are an important part of advancing the ongoing testing of our hydrogen locomotives and advancing the development of our industry-leading program working toward a lower carbon transportation future," said Kyle Mulligan, CPKC Assistant Vice President, Operations Technology.

ATCO EnPower provided engineering, procurement and construction services for each of the dedicated, onsite hydrogen locomotive refuelling stations, and has signed an agreement to operate these facilities.

"We are proud to announce the completion of the two-hydrogen production and refuelling stations for CPKC. This advancement marks significant progress in utilizing hydrogen as a fuel source for commercial transportation and reflects ATCO EnPower's commitment to building a sustainable future by providing innovative energy solutions for our customers," said Mark Brown, Executive Vice President of Projects and Operations, ATCO EnPower.

Each of the facilities includes a 1-megawatt (MW) electrolyzer, compression, storage, and dispensing systems for locomotive refuelling. In Calgary, the electrolyzer is powered in part by renewable electricity from CPKC's existing 5 MW solar power facility co-located at CPKC's headquarters.

The two new facilities will serve as a model for future and complementary projects across the country. By harnessing the power of hydrogen, CPKC aims to create a cleaner, more efficient mode of freight transportation that can serve as a model for the rail industry with support from ATCO EnPower. 

With operations in North America, ATCO EnPower is leading the energy transition with inspired energy solutions, including renewable energy, carbon capture and storage, hydrogen and derivatives, and energy storage. 

About CPKC
With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf of México to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpkcr.com to learn more about the rail advantages of CPKC. CP-IR

About Canadian Utilities
Canadian Utilities Limited (Canadian Utilities) and its subsidiary and affiliate companies have approximately 9,000 employees and assets of $23 billion. Canadian Utilities, an ATCO company, is a diversified global energy infrastructure corporation delivering essential services and innovative business solutions. ATCO Energy Systems delivers energy for an evolving world through its electricity and natural gas transmission and distribution, and international operations segments. ATCO EnPower creates energy solutions in the areas of renewables, energy storage, industrial water and alternative fuels. ATCO Australia develops, builds, owns and operates energy and infrastructure assets. More information can be found at www.canadianutilities.com

ATCO / Canadian Utilities Investor & Analyst Inquiries
Colin Jackson 
Senior Vice President, Financial Operations
Colin.Jackson@atco.com 
403-808-2636 

ATCO / Canadian Utilities Media Inquiries
Kurt Kadatz 
Director, Corporate Communications 
media@atco.com
587-228-4571 

Forward-Looking Information Advisory

Certain statements contained in this news release constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", "goals", "targets", "strategy", "future", and similar expressions. In particular, forward-looking information in this news release includes, but is not limited to, references to: ATCO EnPower's commitment to building a sustainable future by providing innovative energy solutions for our customers, including through the operation of these hydrogen production and refuelling stations; the supply of hydrogen from the new facilities; the new facilities serving as a model for future and complementary projects; and ATCO EnPower's leadership in the energy transition. 

Although Canadian Utilities believes that the expectations reflected in the forward-looking information are reasonable based on the information available on the date such statements are made and processes used to prepare the information, such statements are not guarantees of future performance and no assurance can be given that these expectations will prove to be correct. Forward-looking information should not be unduly relied upon. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties, and other factors, which may cause actual results, levels of activity, and achievements to differ materially from those anticipated in such forward-looking information. The forward-looking information reflects Canadian Utilities' beliefs and assumptions with respect to, among other things, the growth of energy demand; inflation; the development and performance of technology and technological innovations; continuing collaboration with industry participants, business partners, regulatory bodies and environmental groups; the performance of assets and equipment; and other assumptions inherent in management's expectations in respect of the forward-looking information identified herein. 

Canadian Utilities' actual results could differ materially from those anticipated in this forward-looking information as a result of, among other things, risks inherent in the performance of assets; capital efficiencies and cost savings; applicable laws, regulations and government policies; regulatory decisions; competitive factors in the industries in which Canadian Utilities operates; prevailing market and economic conditions; credit risk; interest rate fluctuations; the availability and cost of labour, materials, services, and infrastructure; future demand for resources; the development and execution of projects; prices of electricity, natural gas, natural gas liquids, and renewable energy; the development and performance of technology and new energy efficient products, services, and programs including but not limited to the use of zero-emission and renewable fuels, carbon capture, and storage, electrification of equipment powered by zero-emission energy sources and utilization and availability of carbon offsets; risks related to the activities of other industry participants, customers, counterparties and/or stakeholders; the termination or breach of contracts by contract counterparties; the occurrence of unexpected events such as fires, floods, extreme weather conditions, explosions, blow-outs, equipment failures, transportation incidents, and other accidents or similar events; global pandemics; geopolitical tensions and wars; and other risk factors, many of which are beyond the control of Canadian Utilities. Due to the interdependencies and correlation of these factors, the impact of any one material assumption or risk on a forward-looking statement cannot be determined with certainty. Readers are cautioned that the foregoing lists are not exhaustive. For additional information about the principal risks that Canadian Utilities faces, see "Business Risks and Risk Management" in Canadian Utilities' Management's Discussion & Analysis for the year ended December 31, 2023.

Any forward-looking information contained in this news release represents Canadian Utilities' expectations as of the date hereof, and is subject to change after such date. Canadian Utilities disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.

 

SOURCE ATCO Ltd.

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